Executives at JP Morgan were so familiar with Jeffrey Epstein’s abuse that they laughed that he was out with 16-year-old Miley Cyrus, court documents allege.
A bombshell lawsuit alleges that senior executives at the bank “joked about (Epstein’s) interest in young girls,” including Cyrus in 2008 when she was still starring in the Disney TV series Hannah Montana.
JP Morgan associates were accused of making light of the pedophile’s activities in a case brought against him by the US Virgin Islands government.
The lawsuit also alleges that at least 20 victims were paid through Epstein’s accounts with JP Morgan for more than $1 million.
A woman who “bought” Epstein when she was 14 got $600,000, the documents claim.
Executives at JP Morgan were so familiar with Jeffrey Epstein’s abuse that they laughed that he was out with 16-year-old Miley Cyrus, court documents allege
Executives, including chief exec of JP Morgan’s Assets and Wealth Division Mary Erdoes, emailed internally about Epstein’s abuse and their relationship with him
A bombshell lawsuit alleges senior executives at the bank “joked about (Epstein’s) interest in young girls,” including Cyrus in 2008
The jokes about Cyrus were made when she was a minor and still starring in the Disney Channel TV series Hannah Montana
The USVI government sued JP Morgan and Deutsche Bank in December, accusing the banks of turning a blind eye to Epstein’s sex trafficking of underage girls despite numerous red flags.
Both banks deny wrongdoing.
The USVI’s amended complaint, where Epstein had a private island, says JP Morgan “obstructed” investigations into Epstein and his relationship with the bank.
Executives emailed internally about his abuse during their relationship with him, which ran from 1998 to 2013, including after he served 15 months in 2008 for soliciting underage girls for sex.
Among them was Mary Erdoes, CEO of JP Morgan’s Asset & Wealth division.
The document states: “Internal emails asked who Epstein’s clients were.
Indeed, Epstein’s behavior was so widely known at JPMorgan that senior executives joked about Epstein’s interest in young girls.
For example, Mary Erdoes received an email in 2008 asking if Epstein was at an event “with miley Cyrus.”
The USVI alleges that JP Morgan did not meet the requirements for reporting suspicious transactions because if they had, it would have “prevented Epstein’s classified cash transactions necessary for his sex trafficking operation from being disclosed to the knowledge of federal investigative and prosecution authorities would escape’.
The USVI government sued JP Morgan and Deutsche Bank in December, accusing the banks of turning a blind eye to Epstein’s sex trafficking of underage girls despite numerous red flags
Executives at both JP Morgan and Deutsche have denied any wrongdoing
The USVI’s amended complaint, where Epstein (left) had a private island, says JP Morgan ‘obstructed’ investigations into Epstein and his relationship with the bank
The Epstein victim he allegedly bought at age 14 was paid more than $600,000, while a “recruiter” who was granted immunity by Epstein’s sweetheart plea deal in 2008 was also paid handsomely.
Virtually all of the money was paid after Epstein’s 2008 conviction, it is alleged.
The filing also states that between 1999 and 2002, Epstein transferred more than $23 million to Ghsilaine Maxwell, his “ma’am” who is serving a 20-year sentence for recruiting underage girls.
The document also alleges that at least 20 individuals who paid bills through JP Morgan were victims of trafficking to Epstein’s island, New York, and other Epstein properties.
The lawsuit alleges, “These women were trafficked and abused during various intervals between at least 2003 and July 2019, when Epstein was arrested and imprisoned, and these women received payments, usually multiple payments, between 2003 and 2013 of more than $1 million collectively.” .
Epstein also withdrew more than $775,000 in cash from J.P. Morgan accounts during that time, especially significant since Epstein was known to pay cash for “massages,” or sexual encounters. Financial information also reflects payments of nearly $1.5 million from JP Morgan accounts to known recruiters.
Last month, a judge partially rejected a request from JP Morgan to dismiss the case, allowing some of the claims to proceed.
Between 1999 and 2002, Epstein transferred more than $23 million to Ghsilaine Maxwell, his “ma’am” who is serving a 20-year sentence for recruiting underage girls for him.
The lawsuit alleges, “These women were trafficked and abused during various intervals between at least 2003 and July 2019, when Epstein was arrested and imprisoned, and these women received payments, usually multiple payments, between 2003 and 2013 of more than $1 million collectively.”
The USVI attorney general last week subpoenaed several wealthy men for communicating with Epstein, including Google founder Sergey Brin.
The lawsuit parallels a similar claim from a woman named Jane Doe 1 who has made numerous accusations against Jes Staley, the former boss of JP Morgan.
Court documents alleged that between 2008 and 2012, Staley exchanged approximately 1,200 emails with Epstein from his JP Morgan email account.
The banker allegedly visited Epstein’s private island in the Caribbean while the pedophile was in jail for having sex with underage girls.
Staley is accused of making suggestive references to Disney characters in the emails, including one from 2010 where he says, “Say hello to Snow White.”
Staley’s lawyers have denied wrongdoing and denied that he used code words with Epstein.
In a motion to deny, JP Morgan called the USVI’s complaint “a masterclass in diversion attempting to hold (JP Morgan) accountable for failing to track down Epstein’s crimes more than a decade ago.”